Muhammad Rizwan-ul Haque

Chairman, Dawood Family Takaful
Director of a Trust and S.E.V.P. at an Investment Bank

Why is 'Interest' or Riba forbidden?  (A long Journey!)
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What is Business Risk?
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What is meant by 'Clear signs and guidance''?
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What is meant by Trading in Al-Quran and what is it's importance?
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A Poem on Riba (interest)
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Basic Teachings of Islam and Lessons From Quran
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Do Theories, Interpretations and Fatwas Also Go Invalid?
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Why Do We React to Haram Food?
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Do We Have Flexibility to Decide on Halal & Haram?
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Clear Signs For Shariah Advisors and Islamic Bankers:
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Mention of 'Riba' (interest / usury) in Religion / Abrahamic Faiths:
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What is Riba? And What Are Various References of Riba in Al-Quran?
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Re. Riba; Has Allah SWT Made Everything In Pairs?
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What Is The Best Example Of An Islamic Business Model (Part-1)?
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What Is The Best Example Of An Islamic Business Model (Part-2)?
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Prof. Dr. Zubair Hasan

International Centre for Education in Islamic Finance - INCEIF
PhD in Economics (Meerut University), India


2010. "Islamic Finance:Sructure-objective mismatch and its consequences," 21536, University Library of Munich, Germany.

2009. "Profit sharing ratios in mudaraba contract revisited," 21843, University Library of Munich, Germany, revised 2010.

2009. "Dubai turmoil before and after the bailout," 19484, University Library of Munich, Germany.

2009. "Comments on 'Comprehensive human development: Realities and aspirations' by Salih, S.A," 17039, University Library of Munich, Germany, revised Aug 2009.

2008. "Theory of profit from Islamic perspective," 8129, University Library of Munich, Germany.

Read more: Prof. Dr. Zubair Hasan

Mahmoud El-Gamal

Chair of Islamic Economics, Finance and Management 
Professor of Economics and Statistics
Rice University

Papers can also be downloaded from Mahmoud El-Gamal's website at Rice University



"A Simple Fiqh-and-Economics Rationale for Mutualization in Islamic Financial Intermediation" 
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"Islamic Finance in the Middle East for US Senate Committee on Banking, Housing and Urban Affairs hearing 'Money Laundering and Terror Financing Issues in the Middle East'", Testimony given July 13, 2005 
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"Mutuality as an Antidote to Rent-Seeking Shari`a-Arbitrage in Islamic Finance" 
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"A Call for Mutualization" 
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"An Economic Explication of the Prohibition of Gharar in Classial Islamic Jurisprudence" 
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"Limits and Dangers of Shari'a Arbitrage" 
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"An Economic Explication of the Prohibition of Riba in Classical Islamic Jurisprudence" 
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"A Basic Guide to Contemporary Islamic Banking and Finance" 
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"The Economics of 21st Century Islamic Jurisprudence" 
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"'Interest' and the Paradox of Contemporary Islamic Law and Finance" 
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Obiyathulla Ismath Bacha

Management Center
Kulliyyah of Economics & Management Sciences
International Islamic University Malaysia.


Mimi Hafizah Abdullah and Obiyathulla Ismath Bacha. "Halal Stock Designation And Impact On Price and Trading Volume,"
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Obiyathulla Ismath Bacha. "Derivative Instruments And Islamic Finance: Some Thoughts For A Reconsideration" (Published: International Journal of Islamic Financial Services, Vol. 1, No. 1, April В– June 1999). 
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Obiyathulla Ismath Bacha. "Adapting Mudarabah Financing to Contemporary Realities: A Proposed Financing Structure" (Published: The Journal of Accounting, Commerce & Finance, Vol. 1, No.1, June 1997)
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Obiyathulla Ismath Bacha. 2004. "Value preservation through risk management: a Shari'ah-compliant proposal for equity risk managment"
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Feroz, Ehsan H., Goud, Blake & Rahman, Mohammad. 2008. "The Development and Implementation of Shari'ah-based Microfinance using the Grameen Group Financing Methodology".
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Feroz, Ehsan H. & Goud, Blake. 2008. "Grameen La Riba Model: A Strategy for Global Poverty Alleviation".
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Saleem, Amjad Mohamed. 2007. "Ethical Microfinance-Rethinking the Concepts". 
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Obaidullah, Dr. Mohammed. 2007. "Islam, Poverty and Micro Finance 'Best Practices'" 
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Goud, Blake. 2007. "Islamic Microfinance" 
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Goud, Blake. 2007. "Islamic Microfinance: A New Approach to Fighting Poverty". Summary of the Harvard Islamic Finance Project conference: "Financing the Poor: Towards an Islamic Microfinance" 
• Download article as pdf, 120 Kb

Feroz, Dr. Ehsan H. 2007. "The Halal Way to Social Change," Islamic Horizons, January/February 2007, p. 42
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Chowdhry, Sajjad. 2006. "Creating an Islamic Microfinance Model - The Missing Dimension", November 18, 2006
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